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BIRD CORPORATION REPORTS FIRST QUARTER EARNINGS

 DEDHAM, Mass. April 27 /PRNewswire/ -- Bird Corporation (NASDAQ: BIRD) reported a net profit of $1,571,000 on sales of $41,193,000 for the first quarter ending March 31, 1993. After provision for preferred and preference dividends, this resulted in earnings per common share of 29 cents.
 In the prior year's quarter, Bird earned $10,000, which, after provision for preferred and preference dividends, resulted in a loss per common share of 9 cents. Sales in the 1993 quarter were 9 percent greater than in the prior year.
 1993 first quarter earnings benefitted from a net pre-tax gain of approximately $1.4 million resulting from a settlement with a former vendor and $2.7 million from the cumulative effect of a change in accounting for income taxes resulting from the adaptation of FASB 109.
 Operating earnings in the first quarter of 1993 were hindered by unusually severe weather. This was especially the case for our land application environmental activities in the Middle-Atlantic states and our roofing products business concentrated in the Northeast. With the seasonal improvement in weather conditions, it is expected these operations will recover substantially during the second and ensuing quarters of 1993.
 The company declared a quarterly cash dividend of 5 cents per share for its common shareholders payable on April 15, 1993, to stockholders of record on March 31, 1992.
 Bird Corporation is a U.S. manufacturer and distributor of building materials and a provider of environmental services.
 The unaudited results for the first quarter of 1993 compared with the same period in 1992 are presented below:
 BIRD CORPORATION
 Three Months Ending
 March 31,
 1993 1992
 Sales $41,193,000 $37,703,000
 Earnings (loss) before
 accounting change (1,162,000)(a) 10,000
 Cumulative effect of
 accounting change 2,733,000 ---
 Net earnings 1,571,000 10,000
 Per share:
 Earnings (loss) before
 accounting change (38 cents) (9 cents)
 Cumulative effect of
 accounting change 67 cents ---
 Net earnings 29 cents (9 cents)
 Average number of common
 shares used in earnings
 per share computation 4,099,139 4,132,964
 /NOTE (a): Includes a net gain of approximately $1.4 million pre-tax from a favorable settlement with a prior vendor./
 -0- 4/27/93
 /CONTACT: William A. Krivsky, executive vice president and


chief financial officer of Bird Corporation, 617-461-1414/
 (BIRD)


CO: Bird Corporation ST: Massachusetts IN: CST SU: ERN

CH -- NE011 -- 1182 04/27/93 09:23 EDT
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Date:Apr 27, 1993
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